2012-08-01T11:23:30-05:00 2011-05-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE STE 2600 INDIANAPOLIS IN 46204 990 2010-06-01 951716809 Pacific Oaks Education Corporation PACI 6265298246 55 EUREKA STREET Pasadena CA 91103 Glenn Renzulli 2012-08-01 3176817000 2010 2016-02-24 21:20:13Z X Dr Ezat Parnia 55 Eureka St Pasadena CA 91103 9074625 false X www.pacificoaks.edu X 1945 CA PACIFIC OAKS PROVIDES EDUCATIONAL SERVICES AT ITS COLLEGE AND CHILDREN'S SCHOOL. ALL TEACHING IS BASED UPON CORE PRINCIPLES OF SOCIAL JUSTICE, INCLUSION, AND THE VALUE OF EVERY HUMAN BEING. 10 9 195 0 0 638198 248947 7307311 7896813 94177 871246 -29993 26782 8009693 9043788 755400 156471 0 0 5443982 6603102 0 0 479668 4510719 6646592 10710101 13406165 -2700408 -4362377 12747611 18404971 1268784 4251616 11478827 14153355 PACIFIC OAKS PROVIDES EDUCATIONAL SERVICES TO ADULTS AT THE COLLEGE AND FOR YOUNG CHILDREN AT THE CHILDREN'S SCHOOL. ALL TEACHING IS BASED UPON CORE PRINCIPLES OF SOCIAL JUSTICE, INCLUSION, AND THE VALUE OF EVERY HUMAN BEING. false false 8263178 156471 8917499 TUITION AND FEES COLLEGE - 3 SEMESTERS CHILDREN'S PROGRAM - ENROLLED YEAR ROUND 8263178 true true false false false false false false true true true false true true false true true true false false false false false true false false false true true false false false false false false false false false false false false false true true true false false true 0 0 true 195 true false false false false false false false false false false X 10 9 false false false false true true true true true false false false true true true true false true true false CA X Yug Fon Chiquito 6265298248 55 Eureka St PASADENA CA 91103 Dorthy Farris 2.0 X 0 0 0 Jerry Mandel 2.0 X 0 0 0 Olin Barrett 2.0 X 0 0 0 Norris Bernstein 2.0 X 0 0 0 Dean Chung 2.0 X 0 0 0 Michael Horowitz 2.0 X X 0 943309 202679 Terrence Layng 2.0 X 0 0 0 Mary Pattiz 2.0 X 0 0 0 Allison Shearmur 2.0 X 0 0 0 Devy Schonfeld 2.0 X 0 0 0 Jeffery Keith 2.0 X X 0 494487 1629 Tamara Rozhon 2.0 X X 0 296050 19000 Glenn Renzulli 2.0 X 0 0 0 Jennifer DeMay 2.0 X 0 30028 1126 Lakeisha Marsh 2.0 X 0 96970 1648 Shari Mikos 2.0 X 0 84201 3639 Cynthia Carter 2.0 X 250422 0 0 Rose Anne Nespica 2.0 X 176653 0 0 David Marker X 146833 0 0 573908 1945045 229721 3 true true false NW Innovation Center LLC 100 W Villa Street ste 103 PASADENA CA 91103 RENT 363104 Anthem Blue Cross Dept 5812 LOS ANGELES CA 90074 INSURANCE 287440 AJ Gallagher Risk Management Servic PO Box 71965 CHICAGO IL 60694 INSURANCE 242341 MFT Properties LLC 100 W Villa Street ste 103 PASADENA CA 91103 RENT 227841 Guideone 1111 Ashworth Road WEST DES MOINE IA 50265 INSURANCE 131882 9 36901 212046 248947 Tuition and Fees 611310 7634814 7634814 Other School Revenue 611310 261999 261999 7896813 871246 871246 0 0 0 57619 36901 30837 26782 26782 0 0 0 9043788 7896813 0 898028 0 156471 156471 0 0 0 0 5266734 4515518 530069 221147 188769 154845 19842 14082 659995 553210 65536 41249 487604 399971 51259 36374 2908292 2908292 21203 21203 15120 15120 0 0 0 98728 98728 504140 465895 38245 363255 220803 116685 25767 163261 130609 16326 16326 0 1322105 990571 328695 2839 168342 149405 1190 17747 0 66104 52884 6610 6610 15778 15778 0 370743 236079 134664 117550 117550 Bad Debt 90745 90745 Other Employee Expenses 23263 20937 1861 465 DUES AND MEMBERSHIPS 36063 17927 7219 10917 Student Services 43738 43738 TAX EXPENSE 47570 47570 270592 16000 206692 47900 13406165 8263178 4663319 479668 149649 1929255 2166607 1722905 259792 132028 360344 225671 5680 0 147696 151090 9342865 302035 2081498 9040830 7503080 5126562 73265 76630 12747611 18404971 390469 1162966 250095 302586 628220 2786064 1268784 4251616 X 3419976 7223775 4382583 2838152 3676268 4091428 11478827 14153355 12747611 18404971 X -4362377 7036905 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7503080 779596 3156114 5126562 6872628 3500 937129 310177 7503080 8443144 1000 -1211810 359706 6872628 0.02000 0.49000 0.49000 false false 104305 104305 8812596 224066 8588530 209731 65840 143891 216233 12129 204104 9040830 COMMON STOCK 3324525 F BONDS 1450943 F MONEY MARKET FUNDS 351094 F 5126562 0 DUE TO Affiliates 2786064 2786064 9043788 13406165 -4362377 -4362377 8892285 -91503 -60000 -151503 9043788 9043788 13406165 13406165 13406165 Endowment Use Part V, Line 4 The Pacific Oaks Endowment represents the largest Capital Asset of the Institution. The purpose of the endowment is to provide income to support the mission of Pacific Oaks. Other Revenue Not on Return Part XII, Line 2d The financial reports of POEC include $60,000 transferred to The Children's School. This would be treated as a direct expense of fundraising activities per Schedule G, but is eliminated as an intercompany transaction. The removal of this expense results in an increase to the revenue per the tax return. true true true true true true true false false false false false false false false true false true EXPLANATION OF GOVERNMENT FINANCIAL AID SCHEDULE E, LINE 6 PACIFIC OAKS EDUCATION CORPORATION (POEC) IS TITLE IV ELIGIBLE AND AS SUCH PARTICIPATES IN THE FOLLOWING FEDERAL FUNDED PROGRAMS: -DIRECT STAFFORD LOAN -DIRECT GRAD PLUS LOAN -DIRECT PLUS LOAN -PELL GRANT -SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT -PERKINS LOAN -FEDERAL WORK STUDY POEC IS ALSO ELIGIBLE FOR THE FOLLOWING STATE FUNDED PROGRAMS: -CALIFORNIA GRANT A -CALIFORNIA GRANT B -CALIFORNIA GRANT T -CALIFORNIA GRANT SUBSISTENCE FALL FAIR 7678 7678 0 0 575 0 830 4234 SPRING EVENT 86842 29223 57619 0 0 2447 8142 0 14609 0 94520 36901 57619 0 0 3022 8142 830 18843 30837 26782 true Scholarships - Tuition Reduction 135 156471 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants Pacific Oaks gives need based and merit-based scholarships. Need based scholarships are monitored through the Department of Education FAFSA form. Students with $0 estimated family contribution (EFC), based on the Department of Education guidlines, will be automatically awarded a scholarship. Merit-based scholarships are granted to students who submit all required admissions documentation by certain deadlines and apply with a 4.0 undergraduate GPA or GRE score of 1300. Pacific Oaks and its partners award fellowships to students who contribute to the academic community in and outside the classroom. Fellowship recipients dedicate 10 to 15 hours a week of work to the specific department through which the fellowship is offered. Applicants are judged on their ability to demonstrate a committment to learning, developing, and participating in the programmic, research, and administrative activities within the department office. false true false false false false false false false Michael Horowitz 0 480392 0 426917 0 36000 0 200179 0 2500 0 1145988 0 0 Jeffery Keith 0 340487 0 154000 0 0 0 0 0 1629 0 496116 0 0 Tamara Rozhon 0 240971 0 55079 0 0 0 16500 0 2500 0 315050 0 0 Cynthia Carter 250422 0 0 0 0 0 0 0 0 0 250422 0 0 0 Rose Anne Nespica 176653 0 0 0 0 0 0 0 0 0 176653 0 0 0 David Marker 0 0 0 0 146833 0 0 0 0 0 146833 0 0 0 Schedule J, Part I, Line 4b Pacific Oaks Education Corporation employees participate in supplemental retirement plans through the related organization, TCS Education System. Dr. Michael Horowitz received employer contributions to a 403(b) plan in the amount of $16,182. He also participated in a 457(b) plan, deferring $16,500 to future years and a 457(f) plan, deferring $167,497 to future years. Description of Classes of Members or Stockholders Form 990, Part VI, Question 6 THE TCS EDUCATION SYSTEM ("TCS ES") IS THE SOLE CORPORATE MEMBER OF PACIFIC OAKS EDUCATION CORPORATION ("POEC"). Description of Classes of Persons and the Nature of their Rights Form 990, Part VI, Question 7a and 7b THE POWERS AND AUTHORITY OF THE MEMBER SHALL BE LIMITED TO THE FOLLOWING: - THE AUTHORITY OF THE MEMBER TO CONSENT TO THE ELECTION OF PERSONS TO MEMBERSHIP ON THE BOARD OF TRUSTEES, THIS SHALL INCLUDE ANY ELECTIONS OF PERSONS TO TRUSTEES EMERITI STATUS AND SHALL APPLY TO ANY REMOVAL OF A MEMBER OF THE BOARD. - THE AUTHORITY OF THE MEMBER TO CONSENT TO A CHANGE IN THE MISSION OR PURPOSE OF THE CORPORATION. - THE AUTHORITY OF THE MEMBER TO CONSENT TO A CHANGE IN THE LEGAL ENTITY OR TAX STRUCTURE OF THE CORPORATION. - THE AUTHORITY OF THE MEMBER TO CONSENT TO AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS. Describe the Process used by Managment &/or Governing Body to Review 990 Form 990, Part VI, Question 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, ERNST & YOUNG, U.S., LLP, ALONG WITH THE ADVICE OF THE MANAGEMENT AND ATTORNEYS OF THE ORGANIZATION. THE FORM 990 IS POSTED TO A SECURE WEB PORTAL, ALLOWING MEMBERS TO REVIEW AND OFFER COMMENTARY PRIOR TO THE FILING OF THE FORM 990. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c An Interested Person must disclose the existence of the facts and circumstances of any conflict of interest to the Board members and members of Board committees with respect to any action or proposed action that gives rise to the conflict of interest. Pending review and resolution by the Board or the Governance Committee, the Interested Person shall be excluded from any deliberations or action concerning the matter that gives rise to the conflict of interest. Each Board member, Corporate officer, and Board committee members shall annually sign a statement that affirms that such person a) has received a copy of the conflict-of-interest policy, b) has read and understands the policy, c) has agreed to comply with the policy. Offices & Positions for Which Process was Used Form 990, Part VI, Question 15a & 15b ALL COMPENSATION FOR ALL MEMBERS OF THE PACIFIC OAKS COLLEGE AND PACIFIC OAKS CHILDREN'S SCHOOL ARE DETERMINED BASED UPON MARKET STUDIES, POSITION DESCRIPTION, BACKGROUND OF CANDIDATES AND INCUMBENTS AND THE OVERALL COMPENSATION PLANS. EACH CABINET MEMBER'S COMPENSATION IS DECIDED UPON BY THE PRESIDENT, THE DIRECTOR OF FINANCE, AND THE MANAGER OF HUMAN RESOURCES. THE COLLEGE PRESIDENT'S COMPENSATION IS DECIDED UPON BY THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE OF THE BOARD OF TCS ES IS RESPONSIBLE FOR REVIEW AND APPROVAL OF COMPENSATION OF CORPORATE OFFICERS. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Form 990, Part VI, Question 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Other Changes in net Assets Form 990, Part XI, Line 5 On June 1, 2010, POEC and TCS ES entered into an agreement resulting in POEC donating their Net Assets to TCS Education System in what is referred to as an "Inherent Contribution". GAAP requires treating this transaction as an acquisition. Accordingly, the Net Assets of POEC were adjusted to Fair Market Value resulting in an increase in Net Assets of $7,188,408. Additionally, losses unrealized for tax purposes were ($91,503) and intercompany expenses eliminated for tax reporting were ($60,000) for the year. In total, these other changes in net assets are $7,036,905 Roles performed by Tamara Rozhon Form 990, Part VII, Section A Tamara Rozhon served as an officer of the organization during the year, in her role as Corporate Secretary. She ceased to serve in this capactiy as of May 2011. Additionally, Tamara assumed the key employee role of College President following Cynthia Carter's stepping down from this role in December 2010. Tamara served as a trustee of the organization, ceasing to serve in this capacity as of May 2011. The Chicago School of Prof Psychology 325 North Wells Chicago IL 60654 363005527 Education IL 501(c)(3) 3 TCS ES TCS FOUNDATION 350 N Orleans CHICAGO IL 60654 270973121 SUPT ORG IL 501(C)(3) 7 TCS ES TCS EDUCATION SYSTEM 350 North Orleans CHICAGO IL 60654 270717860 SUPT ORG IL 501(C)(3) 11B NA TCS COMMUNITY EDUCATION 325 NORTH WELLS CHICAGO IL 60601 300517884 CHARTER SCH. IL 501(C)(3) 2 TCS ES THE CHICAGO SCHOOL - WASHINGTON DC 901 15TH STREET NW WASHINGTON DC 20005 800477644 EDUCATION DC 501(C)(3) 2 TCSPP CALIFORNIA GRADUATE INSTITUTE 1145 GAYLEY AVENUE LOS ANGELES CA 90024 952556403 EDUCATION CA 501(C)(3) 2 TCSPP TCS California 617 West 7th Street Los Angeles CA 90017 900394713 education CA 501(c)(3) 2 TCSPP santa barbara and ventura college of law 4475 Market Street Ventura CA 93003 952592468 education CA 501(c)(3) 2 TCS ES false false false false false false false false false false false false false false true true true true The Chicago School of Professional Psychology O 197449 The Chicago School of Professional Psychology P 75818 The Chicago School of Professional Psychology Q 976735 The Chicago School of Professional Psychology R 2807450 TCS Foundation O 816051 TCS Foundation P 459014 TCS Education System O 3191922 TCS Education System P 149295 TCS Education System Q 4232493 TCS Education System R 1693610